Introducing Ichimoku Charts in Forex Trading

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Ichimoku is a trading system that originated in Japan. Developed by journalist Goichi Hosoda, it is designed to help traders identify and trade with the dominant trend. The lines look quite complicated on the chart, but we can easily use them as part of an automated trading strategy. The Ichimoku cloud indicator is also sometimes referred to as Ichimoku Kinko Hyo or Kumo Cloud. Let’s now have look at a naked Forex chart and compare it to a chart with the Ichimoku cloud indicator.

How to Trade Using Ichimoku Kinko Hyo

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